VAN NUYS, Calif., Nov. 13, 2014 /PRNewswire/ -- Today, honorable Judge Amy Hogue of the Los Angeles Superior Court denied Mattel, Inc.'s request to dismiss MGA Entertainment's (MGAE) $1 billion trade secrets theft lawsuit. The court rejected Mattel's procedural argument that the case was barred by earlier rulings in federal courts.
"We are grateful for this correct decision," said Isaac Larian, CEO of MGA Entertainment. "Large, publicly traded companies are not above the law. Mattel, for years, has blatantly stolen trade secrets from MGA Entertainment and other toy companies. MGAE looks forward to justice finally being served, and to having a second jury find against Mattel on these issues."
"Today's ruling is the first step in the courts sending a strong message to Mattel and other big companies that it is not okay to steal competitors' IP and compete unfairly," Larian said.
About MGA Entertainment
MGA Entertainment, a consumer entertainment products company headquartered in Van Nuys, California, manufactures innovative lines of proprietary and licensed products including toys and games, dolls, consumer electronics, home decor, stationery and sporting goods. The MGAE family includes award-winning brands such as Little Tikes®, Lalaloopsy™, Moxie Girlz™, Mooshka™, Bratz®, and Zapf Creation®. For more information please visit www.mgae.com.
SOURCE MGA Entertainment